GT RESOURCES INC - CGTRF STOCK NEWS

GT Resources has announced its first exploration activities at the North Rock copper-nickel-PGE project in Northwestern Ontario. The project, acquired through MetalCorp in 2023, features a 13-kilometer long basal gabbroic contact and includes a historic resource estimate of 1 million tons grading 1.2% Cu.

The Phase I exploration program, budgeted under $200,000, includes a Bore Hole Electromagnetic survey, reconnaissance mapping, and prospecting/sampling. The project boasts excellent infrastructure with access to a paved highway, railroad, and hydro lines. The mineralization occurs in two styles: gabbro hosted and footwall vein style, with the Beaver Pond Zone being the most significant discovery to date.

GT Resources has announced significant drill results from its 2024 exploration campaign at the Canalask Nickel-Copper Project in Yukon, Canada. The key highlight is from Hole CSK24-05, which intersected 1.95% nickel over 33.5 meters in the Footwall Zone, including high-grade sections of 4.15% Ni over 5.5 meters and an impressive 12.90% Ni over 0.2 meters. The intercept started near surface at 24.6 meters depth. The program included 5 holes totaling 1,010 meters, with two holes targeting historic high-grade Footwall mineralization and three holes aimed at the EM conductor and favorable gabbro zone.

GT Resources Inc. (TSXV: GT) (OTCQB: CGTRF) has announced initial diamond drill assay results from its 2024 exploration campaign at the Canalask Nickel-Copper Project in Yukon, Canada. Key highlights include:

- Intersection of 2.12% nickel, 0.03% copper, 0.03% cobalt, 0.19 g/t gold, and 0.37 g/t palladium over 19.9 meters in the Footwall Zone (Hole CSK-24-02).
- High-grade section of 4.45% Ni, 0.05% Cu, 0.06% Co, 0.37 g/t Au, and 1.44 g/t Pd over 1.3 meters.
- Five holes drilled, totaling 1,010 meters.
- Property size increased with 11 new claims staked, totaling approximately 200 hectares.

The drilling results suggest the presence of significant gold and palladium mineralization, which were not systematically analyzed historically. The company faced challenges in drilling the ultramafic rocks within the Feeder Dyke due to ground conditions, which will require different drilling techniques in future campaigns.

GT Resources has commenced diamond drilling on the Canalask Nickel-Copper Project, targeting Electromagnetic (EM) anomalies.

The initial drill hole targets a 1000m x 400m EM Maxwell plate near a historical resource estimate containing 1.35% nickel in 400kt of material. The goal is to locate massive copper-nickel sulphide mineralization.

The drilling program will cover up to 2,000 meters and include downhole EM surveys. The Canalask project is situated in the White River Intrusive Complex, known for its potential for magmatic nickel-copper sulphide deposits.

The technical details were reviewed by Neil Pettigrew, Vice President of Exploration at GT Resources.

GT Resources announced the completion of a C$1.84 million non-brokered private placement financing. The funds will be used for exploration at the Canalask Nickel-Copper Project in the Yukon. The company aims to drill up to 2,000 meters targeting the EM Maxwell plate and conduct additional surveys to locate massive copper-nickel sulphide mineralization. Notably, previous samples collected at the site reported up to 6.1% Cu and 0.15% Ni. Additionally, Glencore Canada acquired 26,666,667 common shares, increasing its ownership to 16.1%. The shares are subject to a four-month hold period, and the private placement awaits final TSX Venture Exchange approval.

GT Resources Inc. has changed its OTC Markets ticker symbol to 'CGTRF' from 'NKORF' to better reflect its new name after a rebranding. Shareholders are not required to take any action regarding the change.